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Ukrainian Railways raises overseas loan

      RBC, 14.08.2007, Moscow 10:56:00.Ukrainian Railways has taken out a loan of over $550m at an annual rate of 2.5 percent over LIBOR from Barclays Capital Bank, the Ukrainian government said in a statement. The loan is intended for the modernization of the railway system and the purchase of new rolling stock.

      The loan term has not been specified but the credit was secured without a government guarantee, as Ukrainian Railways' management qualified as a creditworthy borrower.

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